Asia-Pacific Remote Sensing Satellites Market Size

Asia-Pacific Remote Sensing Satellites Market Analysis

The Asia-Pacific Remote Sensing Satellites Market size is estimated at USD 19.30 billion in 2024, and is expected to reach USD 38.91 billion by 2029, growing at a CAGR of 15.05% during the forecast period (2024-2029).

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19.30 Billion

Market Size in 2024 (USD)

38.91 Billion

Market Size in 2029 (USD)

19.33 %

CAGR (2017-2023)

15.05 %

CAGR (2024-2029)

Largest Market by Satellite Mass

76.63 %

value share, above 1000kg, 2022

Large satellites register higher demand due to applications such as satellite radio, communications, remote sensing, planetary security, and weather forecasting.

Largest Market by Satellite Subsystem

80.28 %

value share, Propulsion Hardware and Propellant, 2022

The demand for these propulsion systems is driven by the launch of mass satellite constellations into space. They are used for transferring the spacecraft into orbit.

Largest Market by Orbit Class

87.05 %

value share, LEO, 2022

LEO satellites are increasingly being adopted in modern communication technologies as they play an important role in Earth observation applications.

Largest Market by End User

92.71 %

value share, Military & Government, 2022

The military and government segment is expected to grow significantly due to the increasing use of satellites in surveillance missions and the rising involvement of government space agencies in satellite development programs.

Leading Market Player

86.31 %

market share, China Aerospace Science and Technology Corporation (CASC), 2022

China Aerospace Science and Technology Corporation (CASC) is the largest player in the market. It offers a diverse range of launch vehicles and adopts a competitive pricing strategy to attract customers globally.

LEO satellites are significantly driving market demand

Asia-Pacific Remote Sensing Satellites Industry Segmentation

10-100kg, 100-500kg, 500-1000kg, Below 10 Kg, above 1000kg are covered as segments by Satellite Mass. GEO, LEO, MEO are covered as segments by Orbit Class. Propulsion Hardware and Propellant, Satellite Bus & Subsystems, Solar Array & Power Hardware, Structures, Harness & Mechanisms are covered as segments by Satellite Subsystem. Commercial, Military & Government are covered as segments by End User.

• The Asia-Pacific region has seen a significant increase in the demand for satellite buses to accommodate a wide range of satellite orbits, including low Earth orbit (LEO), medium Earth orbit (MEO), and geostationary orbit (GEO).
• LEO satellites have become increasingly popular for various applications, including Earth observation, weather forecasting, and communication. The demand for LEO satellites has been particularly strong in China, where companies such as Spacety and Chang Guang Satellite Technology Co. Ltd are offering satellite buses for LEO missions. China has been active in this market with the launch of its Gaofen series satellites.
• MEO satellites have become increasingly important for global navigation and positioning services such as GPS and Galileo. In the Asia-Pacific region, Japan has been a leader in this field, with the launch of the Michibiki series of MEO navigation satellites. China has also been investing in MEO satellites with the launch of the Beidou system.
• GEO satellites are particularly important for communication and broadcasting services, such as television and the Internet. The demand for GEO satellites has been particularly strong in India, where companies such as ISRO and Antrix Corporation Ltd have been developing advanced satellite buses for communication missions. China has also been investing heavily in GEO satellites, with the launch of the Zhongxing series of satellites.